The Minister of Economy, Luis Caputohighlighted the disarmament of fiscal liquidity letters (Lefis), Debt instruments issued by the National Treasury in Argentinaand said that if the Government had not made this decision the monetary scenario would be worse and the dollar had touched the ceiling of the flotation band.
During an interview in the streaming program The three anchorsthe official said that the surplus of pesos in the economy is “the ammunition” of the Kirchniersimo, whose “Armed arm is Congress.” In this way he pointed out: “We had to leave them without ammunition.”
“The Lefis were $ 16 billion daily liquidity; Imagine the situation today, with the laws that passed in the Congress and the Audios operationif there were $ 16 billion daily liquidity, which would probably not be $ 16 but $ 30 billion, since many investors, in the face of uncertainty, They would have sold Lecaps to buy Lefis in the shorter term. And, in addition, we would be on the roof of the band selling dollars. The situation is different from that of 3 months ago; What the market expected did not happen but what the president who was going to happen prevented us (that the opposition was going to attack us). This is something short -term, which is probably settled in two weeks when people vote (in PBA)“
Source: Ambito
